Gray Television Inc. (NYSE:GTN) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.66%.
Gray Television Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 47.06% to $0.09 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Decreased 10.97% to $84.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Gray Television Inc. reported adjusted EPS income of $0.09 per share. By that measure, the company met the mean analyst estimate of $0.09. It missed the average revenue estimate of $85.17 million.
Key Stats (on next page)…
Revenue increased 7.84% from $78.17 million in the previous quarter. EPS increased 350% from $0.02 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.06 and has not changed. For the current year, the average estimate is a profit of $0.31, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)